Rubber futures fluctuate within a narrow range as tight supply and weaker oil prices offset each other

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智通财经2026/08/24 09:02

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Japanese rubber futures traded in a narrow range on Monday, as the market weighed the pressure from declining crude oil prices against support provided by tightening supply signals.
On the Osaka Exchange, the January rubber contract rose nearly 0.2% to about 440 yen per kilogram, while the same-maturity contract on the Shanghai Futures Exchange increased by approximately 0.6% to 18,610 Chinese yuan. The main butadiene rubber contract jumped by more than 1%.
International oil prices fell by more than $1 per barrel during the day, as investors locked in profits ahead of Washington's planned announcement of additional sanctions on Iran — news that could further disrupt Middle Eastern supply.
Natural rubber prices are often influenced by oil prices, as natural rubber competes for market share with synthetic rubber made from crude oil. However, rubber inventories monitored by the Shanghai Futures Exchange fell by about 3% compared to last Friday.
Thailand's meteorological department forecasts heavy rainfall and flash floods for August 27–29 in the main rubber-producing regions. Analysts at Everbright Futures pointed out that excessive rainfall has already constrained tapping activities and raw material output, with North and Northeast Thailand particularly affected.
Benchmark Thai RSS and block rubber prices increased by about 0.4% and 1% respectively, while the nearby-month rubber contract on the Singapore Exchange climbed nearly 1% in Monday afternoon trading, settling at around 231 US cents per kilogram.
Overall, expectations of supply contraction and the weakening cost support are offsetting each other. The market currently lacks a clear direction in the short term, and attention should remain on the actual impact of Thailand's weather and the transmission effect of Iran sanctions on oil prices.

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Rubber futures fluctuate within a narrow range as tight supply and weaker oil prices offset each other

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